Namada, a privacy-focused Layer 1 protocol, goes live on the mainnet

Odaily Planet Daily News Anoma Foundation, a non-profit blockchain infrastructure company, has launched the mainnet for its Layer1 blockchain protocol Namada. It is reported that Namada is a privacy-focused blockchain protocol that uses zero-knowledge cryptography to allow users to transfer tokens and NFTs from the Ethereum or Cosmos network without revealing their addresses or other on-chain records. Awa Sun Yin, co-founder of Anoma Foundation, said that Namada is designed as a composable privacy layer utilizing zero-knowledge cryptography, introducing the concept of “shielded pools” where users can interact with various assets on different chains. (Blockworks) According to news yesterday, Anoma Foundation stated that it plans to create an independent blockchain for the privacy-focused Namada protocol, extending its private transaction capabilities to any DApp built on the network.